Bridge Acquisitions Acquires Multifamily Property In Jacksonville For $48.6M

The multifamily property located at 7400 Powers Ave in Jacksonville has been sold for a total amount of $48,600,000. The property consists of 384 units, resulting in a price per unit of $126,563. The transaction took place on 05/07/2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $48,600,000
• Address: 7400 Powers Ave
• Market: Jacksonville

The buyer of the property is Bridge Acquisitions, represented by Steven Klein. The seller is Oro Capital Advisors, represented by Steven M. Firtel and Bradley H. Mindlin. The brokers involved in the deal were Cliff Taylor and Joe Ayers from CBRE.